Forex Daily Forecast, Analysis and Prediction

The Australian dollar continues to rally, after initially pulling back during the day on Wednesday.

The S&P 500 fluctuated during the trading session on Wednesday as the 3700 level offered a bit of resistance.

The NASDAQ 100 rallied again during the trading session as we got through the Federal Reserve meeting and announcement.

The gold markets fluctuated as we await announcements regarding stimulus and the Federal Reserve, but we will continue to hear a lot of noise.

Silver markets initially tried to rally during the trading session on Wednesday as we await results of stimulus talks and the Federal Reserve meeting during the trading session.

The Bitcoin market took off during the trading session on Wednesday, breaking above the $20,000 level quite handily.

The British pound rallied significantly during the trading session on Wednesday, piercing the 1.35 handle, an area that continues to cause issues for the pound.

The euro rallied during the trading session but was very volatile, which would be expected on a day when the Federal Reserve and stimulus talks are going on simultaneously.

There is room for Bitcoin to rise much higher.

There has been a bullish breakout to new multi-year high prices.

Amid continued pressure on the US dollar, the price of gold rose today towards the resistance level at $1855 an ounce.

The USD/JPY is stabilizing under downward pressures that pushed the pair towards the 103.68 support at the time of this writing.

The EUR/USD pair may maintain its recent gains pending the monetary policy decisions from the US Federal Reserve, which will be announced later on Wednesday.

Contention between the European Union and the UK over the future of a trade deal continues, despite optimistic statements by the negotiating parties about a possibility last-minute agreement.

The AUD/USD is trading in a general bullish trend.